Teacher Retirement System of Texas Invests $649,000 in Hexcel Corporation (NYSE:HXL)

Teacher Retirement System of Texas acquired a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 11,849 shares of the aerospace company's stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HXL. New York State Teachers Retirement System boosted its stake in Hexcel by 0.8% in the first quarter. New York State Teachers Retirement System now owns 59,619 shares of the aerospace company's stock worth $3,265,000 after buying an additional 469 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Hexcel by 10.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company's stock valued at $285,000 after purchasing an additional 492 shares in the last quarter. Wealthquest Corp purchased a new position in shares of Hexcel during the 1st quarter worth approximately $131,000. Oppenheimer Asset Management Inc. raised its holdings in Hexcel by 0.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company's stock worth $2,226,000 after purchasing an additional 354 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in Hexcel by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock valued at $5,407,000 after acquiring an additional 255 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Stock Performance

HXL stock traded down $0.12 during trading on Friday, reaching $60.59. The stock had a trading volume of 833,590 shares, compared to its average volume of 993,151. The stock's 50 day moving average is $55.65 and its two-hundred day moving average is $57.70. The firm has a market cap of $4.87 billion, a PE ratio of 40.13, a PEG ratio of 2.05 and a beta of 1.28. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The company has a current ratio of 2.59, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.60% and a return on equity of 10.36%. The business had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, equities analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's payout ratio is 45.03%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HXL shares. Barclays cut their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley lifted their price target on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research report on Thursday. UBS Group cut their price objective on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets cut their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reduced their price target on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average target price of $59.22.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.